RELIANCE support and resistance

٢٩ ديسمبر ٢٠٢٤

As of December 29, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05 on the National Stock Exchange (NSE), marking a 0.37% increase from the previous close.

Technical analysis indicates the following support and resistance levels:

Immediate Support: ₹1,219.03

Immediate Resistance: ₹1,229.93

Short-term Support: ₹1,217.59

Short-term Resistance: ₹1,265.37

Medium-term Support: ₹1,114

Medium-term Resistance: ₹1,390

These levels suggest that if the stock price declines, it may find support around ₹1,219, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹1,229, which could impede further gains.

Additionally, the Relative Strength Index (RSI) is at 42, indicating a neutral momentum.

Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.